We undertook an institutional analysis of commercial banks in Russia. After the failed experiment with private financial intermediation in the 1990s, Russia migrated towards a banking system consisting of three — rather than two — tiers and featuring core institutions controlled by the state...

The paper discusses some theoretical-methodological basis for the institutional change analysis in transitional countries. First, the paper shows the specific approach of the Marxian school of economic thought to the analysis of social and economic institutions. Second, the most general features...

The paper discusses some theoretical-methodological basis for the institutional change analysis in transitional countries. First, the paper shows the specific approach of the Marxian school of economic thought to the analysis of social and economic institutions. Second, the most general features...

This is an English-language summary of the book “Institucionalniye matricy i razvitie Rossii: vvedenie v Х-Y teoriyu” (Moscow & St. Petersburg: Nestor-Istoriya, 2014. - 468 p. ISBN 978-5-4469-0316-0). The two previous editions of the book were entitled “Institutional Matrices and the...